Arrey kam se kam there is a possibility of saving some taxes... I am currently living in Guyana and the tax burden is so high here. TDS 33.3% and National Insurance Scheme 5.2% (no way one can save these), over and above 16% VAT. The VAT is so comprehensive that it sucks on every possible things. Now tell me is it an easy system you mean?
RE:Not worst in the world
by Sathish N on May 06, 2008 03:42 PM Permalink
We don't have to structure our tax system based on what is happening in other country. Tax is collected so that peripheral functions required for the functioning of the country can be taken care of. There is only so much money required to take care of those. Any extra collected is usually pilfered, which needs to be avoided. If someone comes up with an argument like yours, he should only be having a vested interest.
